Corporate governance

Featured guidance
Corporate governance guidance:

This Resource Note outlines the main provisions of Schedule A of the 2016 UK Corporate Governance Code (UKCG Code), on 'The Design of Performance-Related Remuneration for...

Practice Note

This Resource Note outlines the main provisions of Section B of the UK Corporate Governance Code (UKCG Code), on 'Effectiveness', and highlights relevant third party...

Practice Note

This Resource Note outlines the main provisions of Section C of the 2016 UK Corporate Governance Code (UKCG Code), on 'Accountability', and highlights relevant third...

Practice Note

This Resource Note outlines the main provisions of Section D of the 2016 UK Corporate Governance Code (UKCG Code), on 'Remuneration', and highlights relevant third party...

Practice Note

Background In November 2016 the government, acting through the Department for Business, Energy and Industrial Strategy (BEIS), published a green paper on corporate...

Practice Note

This Resource Note looks at those sections of the Introduction to the 2018 UK Corporate Governance Code (2018 UKCG Code) which deal with reporting on and the application...

Practice Note

This Resource Note outlines the main provisions of Section 1 (Leadership and Purpose) of the 2018 UK Corporate Governance Code (2018 UKCG Code) and highlights relevant...

Practice Note

This Resource Note outlines the main provisions of Section 2 of the 2018 UK Corporate Governance Code (2018 UKCG Code), on ‘Division of responsibilities’, and highlights...

Practice Note

This Resource Note outlines the main provisions of Section 3 of the 2018 UK Corporate Governance Code (2018 UKCG Code), on ‘Composition, succession and evaluation’, and...

Practice Note

This Resource Note outlines the main provisions of Section 5 of the 2018 UK Corporate Governance Code (2018 UKCG Code), on ‘Remuneration’, and highlights relevant third...

Practice Note

BREXIT: The UK is due to leave the EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. For further guidance...

Practice Note

The UK Corporate Governance Code (UKCG Code) of the Financial Reporting Council (FRC) sets out standards of good governance in relation to board appointments and...

Practice Note

Background Historically the UK’s corporate governance regime has been focused on publicly listed companies with the UK Corporate Governance Code (UKCG Code) applying to...

Practice Note

This Practice Note provides an overview of the key aspects of the UK corporate governance regime that are likely to be of particular relevance to the work of employment...

Practice Note

As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an implementation...

Practice Note

Company directors are not, by virtue only of their office as director, automatically entitled under company law to remuneration for services as a director or to...

Practice Note

This Practice Note covers the statutory, regulatory and corporate governance framework for directors’ remuneration reports (including the directors’ remuneration policy),...

Practice Note

Background The remuneration of quoted company executive directors is subject to greater shareholder, media and political scrutiny than ever before. In addition to the...

Practice Note

This Practice Note outlines the regulatory framework for remuneration of directors of quoted and unquoted traded companies against the current backdrop of increased...

Practice Note

This Practice Note considers the UK Corporate Governance Code (UKCG Code) requirements for boards to engage with, and have regard to the interests of, the workforce and...

Practice Note

BREXIT IMPACT: The drafting and enforcement of the applicable law (governing law) and jurisdiction clause in this Precedent may be affected by Brexit. For further...

Precedents

BREXIT IMPACT: The drafting and enforcement of the applicable law (governing law) and jurisdiction clause in this Precedent may be affected by Brexit. For further...

Precedents

This Practice Note explains the Principles for Businesses (PRIN) set down by the Financial Conduct Authority (FCA). The Principles form part of the FCA’s High Level...

Practice Note

This Practice Note explains the high-level requirements of the Remuneration Code (the Code) set out in FCA Handbook SYSC 19A. The Code sets out the standards that banks,...

Practice Note

[To be typed on Company headed notepaper, including the company number] Private & Confidential [Enter name and address of director] [Enter date] Dear [enter name], This...

Precedents

The use of malus and clawback The concept of withholding or even recovering value from executives if a material adverse event occurs following the award of...

Practice Note

The UK Corporate Governance Code (UKCG Code) of the Financial Reporting Council (FRC) sets out standards of good practice in relation to leadership and effectiveness of...

Practice Note

Meaning of ‘non-executive director’ The general definition of ‘director’ is not exhaustive. The Companies Act 2006 (CA 2006) provides that the term director includes any...

Practice Note

General role and responsibility of a non-executive director (NED) For information about the roles and responsibilities of NEDs, see Practice Note: Non-executive directors...

Practice Note

The non-executive director (NED) is not a statutory creation and is, essentially, a creature of corporate governance. There is no legal distinction in the Companies Act...

Practice Note